Giá AltlayerALT

Alt season confirmed, but it’s not 2021 vibes Liquidity isn’t evenly spread, narratives and catalysts dictate flow Memecoins outperform, but only the strongest narratives survive Watch volume, not dominance

🚨 TODAY: CryptoQuant CEO Ki Young Ju said the altseason has begun as altcoin volume is 2.7 times higher than BTC. “BTC Dominance no longer defines alt season—trading volume does,” he added.

$ALT Analysis: The price is showing some strength, so watch the resistance line closely. If the price breaks above this resistance line, we could see a move towards the major resistance area. You might consider opening a new long position if it breaks above the $0.051 level. Major Resistance Area: $0.0667-$0.0727

The recent downturn in the $ALT coin market has left many investors questioning the path forward. As of February 21, 2025, the total altcoins market capitalization stands at approximately $272.516 billion, reflecting a significant contraction from previous highs. This decline has been influenced by several factors, including Bitcoin's dominant performance and prevailing market sentiment. Despite the current bearish trend, there are emerging signals that suggest a potential recovery for altcoins. Technical analysis indicates that the altcoin market cap has reached a critical support level around $255 billion. Historically, such levels have acted as a foundation for bullish reversals. Additionally, the Relative Strength Index (RSI) for many altcoins is approaching oversold territory, implying that selling pressure may be waning and a rebound could be imminent. A significant catalyst that could drive altcoin resurgence is the anticipated approval of altcoin-focused Exchange-Traded Funds (ETFs). Following recent political developments, several asset managers have filed applications for ETFs targeting altcoins such as Solana (SOL), XRP, and Dogecoin (DOGE). The potential approval of these ETFs could provide institutional investors with streamlined access to altcoin markets, thereby increasing liquidity and fostering positive price momentum. Market participants are closely monitoring regulatory bodies for updates on these applications, as their outcomes could profoundly impact altcoin valuations. In terms of market trends, Bitcoin's recent rally has overshadowed altcoin performance, leading to an unusually high Bitcoin dominance. However, this dynamic often precedes an "altcoin season," where altcoins outperform Bitcoin as investors diversify their portfolios in search of higher returns. Monitoring Bitcoin's dominance index and capital flows within the cryptocurrency market can offer insights into the timing and potential magnitude of an altcoin resurgence. Regulatory developments also play a pivotal role in shaping altcoin prospects. The current administration has signaled a more crypto-friendly stance, with discussions around clearer regulatory frameworks for digital assets. Such clarity could reduce uncertainty, attract institutional capital, and legitimize altcoin investments. Investors should stay informed about policy announcements and regulatory changes, as they can swiftly alter the investment landscape. In conclusion, while the altcoin market faces challenges, a confluence of technical indicators, potential regulatory approvals, and evolving market dynamics suggests that a recovery may be on the horizon. Prudent investors should conduct thorough research, remain vigilant of market signals, and consider diversifying their portfolios to navigate the complexities of the current cryptocurrency environment.

Dogecoin ($DOGE ), the beloved meme cryptocurrency, is captivating traders and analysts alike as it crafts a rare and volatile symmetrical expanding triangle pattern on its price charts. This technical formation, characterized by widening price swings, signals mounting market tension and sets the stage for a potentially dramatic breakout—either upward or downward—in the near future. Currently, DOGE is oscillating between a formidable resistance at $0.2923 and a critical support at $0.2403. These levels define the boundaries of the triangle, where each price swing grows increasingly volatile, with higher highs and lower lows reflecting heightened uncertainty among market participants. This expanding pattern suggests that traders are grappling with indecision, positioning themselves for a significant move as pressure builds within the structure. Recent 4-hour (H4) timeframe analysis reveals DOGE has undergone two key retests, reinforcing its range-bound behavior between $0.24 and $0.27. This consolidation phase indicates a temporary equilibrium, but the expanding nature of the triangle hints that this calm may soon give way to chaos. Traders are laser-focused on these levels, watching for a decisive breakout that could propel DOGE toward new heights or trigger a sharp decline. Technical indicators are offering tantalizing clues about DOGE’s short-term trajectory. The Relative Strength Index (RSI) on the 4-hour chart has plunged into oversold territory, a classic signal that selling pressure may be nearing exhaustion. Historically, such conditions have preceded short-term rebounds, sparking optimism among bulls eyeing a potential rally. However, traders remain cautious, as oversold conditions can sometimes precede further declines if bearish sentiment persists. Volume analysis adds another layer of intrigue. Each price swing within the expanding triangle has been accompanied by fluctuating trading volume, with spikes often signaling critical turning points. A breakout accompanied by surging volume—particularly above $0.2923 resistance or below $0.2403 support—could confirm the direction of the next major move. If bullish momentum prevails, technical analysts project $0.3563 as a realistic target, driven by the pattern’s projected height and historical price extensions. On the flip side, the $0.2403 support level has emerged as a battleground for buyers and sellers. This price point has been tested repeatedly, with buyers stepping in to absorb selling pressure and prevent further drops. A sustained breach below this level, however, could unleash additional selling, potentially dragging DOGE toward deeper support zones. Conversely, a convincing break above $0.2923, backed by strong volume, would signal a bullish resurgence, reigniting momentum for the meme coin. The expanding triangle’s unique structure—marked by higher swing highs and lower swing lows—mirrors growing market uncertainty and tension. This pattern, less common than traditional triangles, often precedes explosive price action, making DOGE a focal point for both retail and institutional traders. The current price of $0.25 positions DOGE squarely in the middle of this range, leaving the market at a pivotal crossroads where either bullish or bearish forces could dominate. Historical price patterns fuel further excitement. Chart enthusiasts have identified striking similarities between DOGE’s current behavior and past cycles, where symmetrical triangles have preceded significant upward surges. If history repeats, DOGE could be on the cusp of another parabolic rally, particularly if broader market conditions, such as Bitcoin’s price action, provide a tailwind. DOGE’s correlation with Bitcoin remains a key factor, as major moves in the leading cryptocurrency often ripple through alt-coins like Dogecoin. Recent price action offers additional context. DOGE faced rejection at the $0.285 level, reinforcing the upper boundary of the triangle and sharpening traders’ focus on the $0.239 to $0.285 range. A clear break of either level—supported by volume confirmation—would signal the end of this consolidation phase, potentially unleashing the “explosive” move traders are anticipating. As of February 20, 2025, Dogecoin stands at a thrilling juncture, with its expanding triangle pattern teetering on the brink of resolution. Whether it rockets toward new highs or plummets to test deeper supports, the outcome promises to captivate the crypto community and redefine DOGE’s role in the meme coin narrative. Traders and investors alike are bracing for impact, watching closely as this pattern matures into its next chapter.